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International Financial Reporting Standards (IFRS)

International Financial Reporting Standards (IFRS) is a set of accounting standards, developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.

India is one of the over 100 countries that have or are moving towards IFRS (International Financial Reporting standards) convergence with a view to bringing about uniformity in reporting systems globally, enabling businesses, finances and funds to access more opportunities.

ICAI has decided to implement IFRS in India. The Ministry of Corporate Affairs has also announced its commitment to convergence to IFRS.

 

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Table Of Content

Part A: International Sources of authority

  1. The IASB and the regulatory framework
  2. The conceptual framework

Part C: Presentation and additional disclosures

  1. Presentation of published financial statements
  2. Reporting financial performance
  3. Earnings per share
  4. Miscellaneous standards: related party disclosures and segment reporting
  5. Reporting for small and medium-sized entities
 

Part B: Elements of financial statements

  1. Revenue
  2. Accounting for tangible non-current assets
  3. Impairment of assets
  4. Accounting for leases
  5. Intangible assets and goodwill
  6. Inventories
  7. Provisions, contingent liabilities and contingent assets
  8. Employee benefits
  9. Financial instruments
  10. Accounting for taxation
  11. Foreign currency transactions
  12. Accounting for agriculture and mineral resources
  13. Share-based payment

Part D: Preparation of external financial reports for combined entities and joint arrangements

  1. Constitution of a group
  2. The consolidated statement of financial position
  3. The consolidated statement of profit or loss and other comprehensive income
  4. Accounting for associates
  5. Accounting for joint arrangements
 
  • Practice Question Bank
  • Practice Answer Bank
  • Mock Test-1
  • Mock Test-2
  • Mock Test-3
 

 

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Package

There are 3 different packages for IFRS Training to fit everyone's needs:

  1. Bronze Package
    • Online access to voice based learning content.
    • 1 Imported book from ACCA, UK (Home study text)*
    • Solved Sample questions booklet for preparation
    • Support from subject matter experts on e-mail
    • Facility for taking online exam anytime after completion of the training
    • Certification for candidates scoring more than 50% marks in the exam
  2. Silver Package
    • Online access to voice based learning content.
    • 2 Imported books from ACCA, UK:
      • Home study text*
      • Practice and Revision kit**
    • Solved Sample questions booklet for preparation
    • Support from subject matter experts on e-mail
    • Facility for taking online exam anytime after completion of the training
    • Certification for candidates scoring more than 50% marks in the exam
  3. Gold Package
    • 10 LIVE VC Classes of 1Hr each on weekend with the Trainer. Recorded session provided if you miss the session.
    • 2 Imported books from ACCA, UK:
      • Home study text*
      • Practice and Revision kit**
    • Solved Sample questions booklet for preparation
    • Support from subject matter experts on e-mail
    • Facility for taking online exam anytime after completion of the training
    • Certification for candidates scoring more than 50% marks in the exam

*Home study text550 pages book imported from United Kingdom, strategies for studying for your ACCA DipIFR exam, Chapter content with important concepts, examples: Application of knowledge and techniques, exam focus points and exam question bank , Platinum status ACCA books

**Practice and Revision KitMore than 300 pages book imported from United Kingdom, banks of practical questions and answers focused on each area of the syllabus, two full mock exams with answers and guidance, Platinum status ACCA books

 

IACT Certification Exam

  • 1 hour online exam
  • Pass mark: 50%
  • 25 Multiple Choice Questions
  • No negative marking

 

Payment Option

You can enroll for our courses by paying through the following options:

  • You can pay online using - credit card / debit card / net banking
  • You can deposit cash in HDFC or ICICI branch. Please remember to email us a copy of the deposit slip.
  • You can drop a cheque in either HDFC or ICICI (ATM / bank branch).
  • You can courier the cheque to our office and we will take care of the rest.

Payment needs to be in favour of "IACT GLOBAL EDUCATION PVT. LTD."

Payment can be made for the appropriate amount depending on which option you decide to take.

* Pricing of some of the programs may vary. Please contact us for more details

Course Duration
3 Month
Course Rating

No. of Professionals who have already been certified on International Financial Reporting Standards (IFRS) till today

1000
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NETAJI BIRADAR  

VERY GOOD EXPERIENCE..GOAHEAD. THANK YOU SO MUCH IACT

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